Khurram Schehzad Says Diesel Levy Increase Reflects Phased Return to Budgeted Level
Finance Minister’s Advisor Khurram Schehzad said the recent diesel petroleum levy increase is part of a phased normalization process after a temporary reduction, with the government seeking to meet approved revenue targets while maintaining fiscal stability.
Federal Government Slashes Local Fuel Prices for Start of Financial Year Following Global Market Shifts
The Ministry of Energy has implemented a modest price reduction for petroleum products to inaugurate the new fiscal cycle despite simultaneous taxation adjustments.
State Bank of Pakistan Extends CIF Import Permission for Crude Oil and Petroleum
The State Bank of Pakistan extends the deadline for importing crude oil and petroleum products on a CIF basis until July 10, 2026, to maintain energy sector flexibility.
State Bank of Pakistan Empowers Banks to Streamline Energy Imports Amid Global Geopolitical Volatility
The State Bank of Pakistan delegates new powers to banks for issuing financial instruments and standby letters of credit to secure crude oil and LNG imports.
LSM Sector Shows Signs of Recovery with Strong Gains in Autos and Cement
Pakistan’s Large-Scale Manufacturing (LSM) sector posted a 4.1% year-on-year increase in June 2025, driven by strong performances in textiles, petroleum products, pharmaceuticals, autos, and cement, despite cumulative annual output remaining slightly negative.